Fewer Investors Than Expected Jumping On Matrix Composites & Engineering Ltd (ASX:MCE)
May 23
Australian (ASX) Energy Services Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies4
- 7D-2.7%
- 3M23.1%
- 1Y113.5%
- YTD34.9%
The Energy Services industry has been flat over the last week, but Matrix Composites & Engineering has lost 10%. The past year has been better, since the industry has gained 122% in that time. Looking forward, earnings are forecast to grow by 5.3% annually.
Industry Valuation and Performance
Has the Australian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | AU$1.1b | AU$421.5m | AU$101.0m | 9.1x | 11x | 2.6x |
| Fri, 26 Apr 2024 | AU$1.1b | AU$421.5m | AU$101.0m | 9.3x | 11x | 2.6x |
| Sun, 24 Mar 2024 | AU$986.3m | AU$421.6m | AU$101.0m | 8.2x | 9.8x | 2.3x |
| Tue, 20 Feb 2024 | AU$831.1m | AU$361.9m | AU$133.5m | 7.7x | 6.2x | 2.3x |
| Thu, 18 Jan 2024 | AU$838.6m | AU$385.6m | AU$132.2m | 8x | 6.3x | 2.2x |
| Sat, 16 Dec 2023 | AU$725.5m | AU$385.5m | AU$132.3m | 8.6x | 5.5x | 1.9x |
| Mon, 13 Nov 2023 | AU$569.0m | AU$408.5m | AU$132.2m | 6.3x | 4.3x | 1.4x |
| Wed, 11 Oct 2023 | AU$588.5m | AU$408.4m | AU$132.3m | 6.7x | 4.4x | 1.4x |
| Fri, 08 Sep 2023 | AU$607.0m | AU$412.6m | AU$134.6m | 4.1x | 4.5x | 1.5x |
| Sun, 06 Aug 2023 | AU$576.3m | AU$389.8m | AU$125.2m | 4.1x | 4.6x | 1.5x |
| Tue, 04 Jul 2023 | AU$522.2m | AU$389.8m | AU$125.3m | 3.6x | 4.2x | 1.3x |
| Thu, 01 Jun 2023 | AU$503.5m | AU$389.8m | AU$125.3m | 3.4x | 4x | 1.3x |
| Sat, 29 Apr 2023 | AU$539.7m | AU$389.8m | AU$125.4m | 3.7x | 4.3x | 1.4x |
| Mon, 27 Mar 2023 | AU$7.7b | AU$10.8b | AU$119.5m | 3.4x | 64.5x | 0.7x |
| Wed, 22 Feb 2023 | AU$8.6b | AU$10.0b | AU$195.2m | 11.7x | 43.8x | 0.9x |
| Fri, 20 Jan 2023 | AU$8.7b | AU$10.0b | AU$194.9m | 10.6x | 44.6x | 0.9x |
| Sun, 18 Dec 2022 | AU$8.1b | AU$10.0b | AU$203.0m | 8.8x | 39.9x | 0.8x |
| Tue, 15 Nov 2022 | AU$8.2b | AU$10.0b | AU$203.0m | 8x | 40.6x | 0.8x |
| Thu, 13 Oct 2022 | AU$7.2b | AU$10.0b | AU$203.0m | 7.7x | 35.6x | 0.7x |
| Sat, 10 Sep 2022 | AU$7.6b | AU$10.0b | AU$200.7m | 8.5x | 38x | 0.8x |
| Mon, 08 Aug 2022 | AU$7.8b | AU$9.6b | AU$99.8m | 30.7x | 77.9x | 0.8x |
| Wed, 06 Jul 2022 | AU$7.7b | AU$9.6b | AU$99.8m | 30.8x | 77.1x | 0.8x |
| Fri, 03 Jun 2022 | AU$8.0b | AU$9.6b | AU$99.8m | 32.7x | 79.7x | 0.8x |
| Sun, 01 May 2022 | AU$7.5b | AU$9.6b | AU$99.8m | 30x | 75.6x | 0.8x |
| Tue, 29 Mar 2022 | AU$7.2b | AU$9.6b | AU$99.8m | 28.8x | 71.9x | 0.7x |
| Thu, 24 Feb 2022 | AU$6.8b | AU$9.6b | AU$108.7m | 58.7x | 62.4x | 0.7x |
| Sat, 22 Jan 2022 | AU$6.5b | AU$9.8b | AU$52.5m | 65.9x | 123.3x | 0.7x |
| Mon, 20 Dec 2021 | AU$5.8b | AU$9.8b | AU$52.6m | 59.3x | 110.7x | 0.6x |
| Wed, 17 Nov 2021 | AU$5.6b | AU$9.9b | AU$61.5m | 58.6x | 90.9x | 0.6x |
| Fri, 15 Oct 2021 | AU$5.8b | AU$9.9b | AU$61.4m | 60.8x | 94.9x | 0.6x |
| Sun, 12 Sep 2021 | AU$5.6b | AU$9.9b | AU$61.5m | 51.9x | 91.6x | 0.6x |
| Tue, 10 Aug 2021 | AU$6.0b | AU$9.9b | AU$89.4m | 56.3x | 67.6x | 0.6x |
Price to Earnings Ratio
124.6x
Current Industry PE
- Investors are pessimistic on the Australian Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.0x which is lower than its 3-year average PE of 48.9x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 30% per year over the last three years.
- Meanwhile revenues for these companies have declined 66% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Australian Energy industry?
| AU Market | -1.04% | |
| Energy | -1.17% | |
| Energy Services | -2.68% | |
| Oil and Gas Services | -2.63% | |
| Oil and Gas Drilling | -9.09% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 49.1x.
- Analysts are expecting annual earnings growth of 5.3%, which is higher than its past year's earnings decline of 9.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 5.3% over the next 5 years.
- This is better than its past earnings decline of 9.8% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 5.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MCE Matrix Composites & Engineering | AU$0.34 | 4.7% +AU$3.3m | 4.7% | PS1.2x |